Ack! It’s another set of early exits on new crossovers for this trading strategy. Read on to find out if it managed to score gains this time.
EUR/USD had a new crossover towards the end of the other week, and this was followed by a long signal early on. However, this didn’t gain any bullish momentum at all, so a bearish crossover soon popped up.
This one also went in the other direction but has yet to hit its stop or snag another early exit. Not lookin’ good so far!
Cable hit its full profit target a few weeks back and had a crossover-free run in the previous update. It’s still the same case for this pair recently.
Meanwhile, EUR/JPY also had a new crossover in the earlier update, and it took a while before a stochastic pullback materialized. So far, this one seems to be going well, but I hope I didn’t jinx it!
Here’s how the positions are looking:
Most of the losses seem to be coming from the range-bound action among euro pairs lately, as the moving averages have been oscillating to quickly generate new signals and early exits. Think trending conditions are bound to return soon?